WHAT IS YOUR STADIUM WORTH?

The FA denied claims they were considering the naming rights to Wembley for around £2m per year.

A top four Premier League can expect to take in attract £10m from a deal, though Arsenal and Manchester City incorporated shirt deals in their agreement with Emirates and Etihad respectively.

Championship side Leicester City take in £1m from their deal with Thailand's leading travel retail group King Power.

Charles Green, the Rangers chief
executive, hopes to have the naming rights in place before the start of
next season. Rangers supporters, Green believes, are more relaxed over
the issue than before.

Green told STV: ‘We have now decided that Sports Direct will be the partner [for stadium naming].

'We had representatives from Sports
Direct up for a fans’ forum a couple of weeks ago. We also had Derek
Llambias of Newcastle United sharing his experience of how that helped
his club.

'We are now into the stage where we
are doing some layouts, some pictorials of how it might look and we’ll
stick those on the website shortly so the fans can see what’s being
proposed.

'We have had good engagement from the
fans on this. I think it was always an issue for fans but I think the
fans accept now that this is something that we have to do. Almost all of
the big stadia have been named now.'

Protest: Rangers fans held these signs aloft in December at the prospect of a name change

Historic: The stadium carried the name Ibrox Park between 1899 and 1997 before being changed to Ibrox

Last year the Football Association were reported to be exploring avenues for selling the rights to Wembley, with a figure of £2million a year touted.

Domestically, the value placed on stadium naming rights differs wildly, with the likes of Arsenal's Emirates Stadium and Manchester City's Etihad coming as part of a wider package which often includes shirt sponsorship.

Championship side Leicester City, who play at the King Power Stadium, earn around £1m for their deal, while a mid-ranking Premier League side can expect to earn £5m, and a top four club around double that.

Kit deals are far more lucrative, a fact backed up by the ground-breaking £10m-a-year training kit deal DHL signed with Manchester United.

This announcement comes shortly after the Glasgow club have posted a loss of £7million for the last seven months of 2012.

Loss: Third Division leaders Rangers beat East Stirling 3-1 at the weekend

Interim results to December 31 show revenue of £9.5million, with operating expenses of £16.6million.

Cash in the bank at the turn of the year sat at £21.2million.In December, Rangers raised £22.2million from its listing on the London Stock Exchange.

In a statement, after the financial
figures were published this morning, Green said: 'This has been a
significant period in the club's history, in which vital steps were
taken to ensure the survival and rebuilding of one of the UK's most
venerable football institutions.'

He added: 'The priority for the
company to date has been to stabilise the business and put in place
solid financial foundations for the future.

'To this end, revenue streams have been enhanced, and costs cut.

'In
addition, important strategic steps have been taken, such as the
agreements now in place with Sports Direct, Puma and Blackthorn Cider.

Progress: Charles Green was happy with the 'important strategic steps' that have been taken by the club

'These achievements have been made whilst retaining the important fabric and structure of the club.'

He continued: 'We will continue to execute our growth plan, and investors and supporters can have confidence in the development of operations as the club progresses.

'Undoubtedly, challenges lie ahead but the club is now well equipped to meet them successfully.

'Above all, the club and its supporters are resolute in the belief that, both on and off the pitch, Rangers can look to the future with confidence and pride.'

Green's consortium purchased the business and assets of Rangers last summer after the oldco was consigned to liquidation.

IBROX SET TO BE LATEST STADIUM WITH COMMERCIAL REBRANDING

With Ibrox Stadium set to be re-branded by Mike Ashley's retail company Sports Direct, Sportsmail look back at some other football grounds to have changed their name.

In the English top-flight, Newcastle fans were up in arms when Ashley, the owner of the North East club, renamed the iconic St James's Park the Sports Direct Arena. The fans complained about the name change, which has since seen the club return to its original name.

Dave Whelan, the owner of Wigan Athletic, decided the re-brand the JJB Stadium in 2009. Whelan had acquired a chain of fitness clubs from JJB Sports and set up his venture DWSportsfitness before renaming the ground the DW Stadium.

Manchester City also went through a similar process in July 2011, when owner Sheikh Mansour opted to rename the City of Manchester Stadium as The Etihad, having agreed a lucrative sponsorship deal with the national airline of Abu Dhabi.

They signed a 10-year deal with the airline, who also serve as City's shirt sponsor.

Fans of the Premier League champions were largely indifferent to the name change, as City had only moved to the ground from Maine Road in 2003, following Manchester's hosting of the 2002 Commonwealth Games.

Other clubs to have taken on sponsored names include Arsenal (Emirates Stadium), Stoke City (Britannia Stadium), Swansea City (Liberty Stadium) and Bolton (Reebok Stadium).